El Salvador: New Proposal for Tax on Alcoholic Beverages

The government has sent the Assembly a proposal to reform the liquor duties levied on beers, wines and spirits that were approved in December 2009.

Thursday, August 19, 2010

El Salvador's Treasury Minister, Carlos Cáceres, expects this new proposal to correct errors in the current legislation, which he says is not what was intended.

Laprensagrafica.com reports comments from the minister, "back in December we asked for tariffs corresponding to the alcoholic content of beverages".

The proposed reform plans to increase beer duties by 32% and reduce those on spirits.

More on this topic

Salvadoran Liquor Industry Demands Reform

April 2010

The Association of Distillers and Liquor Companies (Asdyl) requested Congress to modify the taxes included in the recently passed tax reform.

They argue that since the reform came into effect on January 2010, sales have dropped 45%, causing them to fire 300 workers.

Asdyl has proposed reforms such as “eliminating the value of non-returnable bottles, demanding licenses to all alcoholic beverages and verifying alcohol quotas on labs and pharmacies”, reported Elsalvador.com.

El Salvador: Tax Reform to be Discussed with Companies

October 2009

The Government will create a commission to discuss the tax reform project with private enterprises.

Alex Segovia, Technical Secretary for the President, explained that this commission will analyze the proposal, in order to modify aspects that may could affect the country.

El Salvador Would Increase Taxes to Cigars and Beverages

September 2009

Within the tax reform, the Government is considering increasing taxes to alcoholic beverages and cigars.

This was communicated by Carlos Cáceres, Treasury Minister, who added that "...we are doing a review and will make a fair proposal, considering tax needs...".

Speaking on the topic, the president of brewer "La Constancia" (ILC) said that: "...

First Package of Tax Measures

May 2009

The future Salvadoran Finance Minister is analyzing the first economic measures by the incoming government along with his team.

The future Finance Minister, Carlos Cáceres, said during an interview with La Prensa Gráfica that the first steps to be taken will be the unification of the Customs Department’s information system.

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